Electric Enclosure Market Is Expected To Exhibit Significant Growth Over 2030

The global electric enclosure market is estimated to grow at a CAGR of 4.8% during the forecast period. Some pivotal factors encouraging market growth include the rising industrialization across the globe and increasing adoption in the renewable energy sector. With the decline in costs associated with renewable energy, the alternative energy industry is witnessing rapid growth. Business owners and consumers are shifting towards renewable energy sources in the form of wind, solar, hydropower, and other renewable sources. With the rising importance of alternative energy, it is required that design engineers offer safe and reliable protection for the advanced electrical components that are utilized to operate solar panels and wind turbines.

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Solar power plants consist of several electrical equipment that must be protected ranging from solar power inverters to switchboards. Therefore, electrical enclosures are required to ensure the suitable operation of equipment. The enclosures must be durable to resist weather hazards, temperature extremes, UV radiation, and potential sea spray from coastal settings. For solar power plants, outdoor electronic enclosures are primarily used, more particularly, non-metallic enclosures. Non-metallic enclosures are designed from materials including polycarbonate, durable plastic that offers a comprehensive range of benefits that make them ideal for solar power applications.

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  • Market Coverage

  • Market number available for – 2024-2031

  • Base year- 2024

  • Forecast period- 2024-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Global Electric Enclosure Market-Segmentation

By Material

  • Metallic

  • Non-Metallic


By Vertical

  • Energy and Utilities

  • Industrial (Automotive and Manufacturing)

  • IT and Telecommunication

  • Process Industries

  • Others


Global Electric Enclosure Market– Segment by Region 

North America

  • US

  • copyright


Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Rest of Europe


Asia-Pacific

  • China

  • Japan

  • India

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East and Africa


The Report Covers

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global electric enclosure market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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